Republicans in Congress have reportedly reached a deal on sweeping tax reform legislation, though lawmakers and President Donald Trump appear pleased to simply say they're close to meeting a major campaign promise.

The Associated Press says House and Senate leaders have an agreement in principle on a final reconciled package, and Politico also said a deal is in place with an eye to send a bill to President Donald Trump by next week.

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In remarks at the White House on Wednesday afternoon, surrounded by families from across the country, Trump promised a bill featuring "massive tax relief" within days. He also said the IRS confirmed that if the bill passes by Christmas, the tax cuts would begin in February.

"We will never let bad things happen, with respect to the economy of our country," Trump said, while periodically stepping away to introduce families and announcing how much they would save.

The Senate and House have already passed separate bill for tax reform, promising major cuts to the corporate rate and relief for the middle class. In a meeting with House and Senate leaders at the White House, Trump called the cuts "vital" and promised more jobs and increased wages resulting from the bill.

"We're very close to getting it done," he said. "We're very close to voting."

Trump said the cut in the corporate rate may be ticked up one percentage point to 21 percent, which is still a significant drop from the current 35 percent.

Independent analyses said the original bills would add more than $1 trillion to the deficit, however. The White House has countered that the cost of the bill would be offset by economic growth.

According to the AP, top GOP aides said the deal was reached on Wednesday. Details still need to be drafted and assessed by congressional scorekeepers but the final House-Senate compromise is on track to be unveiled this week.

Sen. John Cornyn, the GOP's No. 2 in the Senate, told Politico earlier on Wednesday, "We're very close," and he hoped to see an announcement later in the day.

"We’ve got to get this thing wrapped up so we can get it on the floor next week," he said.

Top Senate Democrat Chuck Schumer, who has argued the GOP's tax push benefits the wealthy more than the middle class, said GOP leaders should pump the brakes on taxes and delay a final vote until Democratic Sen.-elect Doug Jones is sworn in.

“It would be wrong for Senate Republicans to jam through this tax bill without giving the newly elected senator from Alabama the opportunity to cast his vote,” Schumer told reporters. “That’s exactly what Republicans argued when (former Massachusetts GOP Sen.) Scott Brown was elected in 2010.”

Back then, the issue was a sweeping overhaul of the nation’s health care system that Democrats muscled through Congress in March 2010.